1 00:00:29,670 --> 00:00:36,220 Suze: April 27th, 2025. Welcome everybody to the Women and Money podcast. 2 00:00:36,709 --> 00:00:43,549 Suze: I'm back anyway, it's Suze O here, and today is 3 00:00:43,549 --> 00:00:47,709 Suze: Suze School. Now I have a little laryngitis, but I 4 00:00:47,709 --> 00:00:51,380 Suze: think you can deal with that. Listen, so much has 5 00:00:51,380 --> 00:00:55,950 Suze: happened over this past week. It's not even funny. 6 00:00:56,569 --> 00:01:00,150 Suze: So the first part of Suze school, we have to 7 00:01:00,150 --> 00:01:03,139 Suze: ask and answer why 8 00:01:03,740 --> 00:01:08,690 Suze: did the market last week after being obliterated the weeks 9 00:01:08,690 --> 00:01:14,169 Suze: before that, why last week did it go up? Can 10 00:01:14,169 --> 00:01:15,660 Suze: any of you answer that question? 11 00:01:16,440 --> 00:01:19,878 Suze: Well, let me see if I can try here. It's 12 00:01:19,879 --> 00:01:21,599 Suze: because of one word. 13 00:01:22,300 --> 00:01:24,370 Suze: And that word is hope. 14 00:01:25,510 --> 00:01:28,150 Suze: Hope. Now I know I have said to you many 15 00:01:28,150 --> 00:01:31,309 Suze: times hope is not a financial plan. 16 00:01:32,169 --> 00:01:36,889 Suze: Hope is very temporary, so the hope that we experienced 17 00:01:36,889 --> 00:01:43,010 Suze: last week may also be temporary, which is why on 18 00:01:43,010 --> 00:01:46,169 Suze: the Women and Money community app I've been telling you 19 00:01:46,169 --> 00:01:49,480 Suze: all to still let's just be a little bit conservative. 20 00:01:49,970 --> 00:01:53,360 Suze: So the first question that we are going to answer 21 00:01:53,360 --> 00:01:58,400 Suze: is what happened? Why were we hopeful last week? Who 22 00:01:58,400 --> 00:02:00,410 Suze: was hopeful? What happened, Suze? 23 00:02:01,279 --> 00:02:03,610 Suze: What happened was very simple. 24 00:02:04,330 --> 00:02:09,948 Suze: It was stated by President Trump, who had been stating 25 00:02:09,949 --> 00:02:13,429 Suze: he wanted Jay Powell fired. He wanted him out of there, 26 00:02:13,440 --> 00:02:16,710 Suze: blah blah blah blah, even though legally he couldn't do that. 27 00:02:16,960 --> 00:02:22,429 Suze: He kept saying it over and over again for some reason, 28 00:02:22,758 --> 00:02:26,360 Suze: and I don't know why. I think many of his 29 00:02:26,360 --> 00:02:29,809 Suze: advisory staff was like, You have to change this. You 30 00:02:29,809 --> 00:02:33,000 Suze: can't do this. We are really going to be in 31 00:02:33,000 --> 00:02:33,800 Suze: trouble here. 32 00:02:34,570 --> 00:02:39,630 Suze: And all of a sudden you hear President Trump say 33 00:02:40,410 --> 00:02:42,309 Suze: I'm not going to fire Jay Powell. 34 00:02:43,350 --> 00:02:45,609 Suze: I wished he would lower interest rates, but I'm not 35 00:02:45,610 --> 00:02:46,609 Suze: going to fire him. 36 00:02:47,710 --> 00:02:53,500 Suze: Well, now that's interesting. The market started to feel more hopeful. Well, 37 00:02:53,529 --> 00:02:57,600 Suze: the truth of the matter is, the market doesn't feel anything. 38 00:02:57,809 --> 00:03:01,729 Suze: It is the people that invest in the stocks in 39 00:03:01,729 --> 00:03:07,169 Suze: the market that started to feel hopeful. plus. 40 00:03:07,919 --> 00:03:11,080 Suze: Certain people in the administration kept saying we're going to 41 00:03:11,080 --> 00:03:14,720 Suze: have a deal. We've been talking to China. Everything's gonna 42 00:03:14,720 --> 00:03:17,600 Suze: be OK. We're gonna have a deal and on and 43 00:03:17,600 --> 00:03:18,360 Suze: on and on. 44 00:03:19,559 --> 00:03:24,360 Suze: So prior to last week this selling in my opinion 45 00:03:24,360 --> 00:03:25,649 Suze: was done with what? 46 00:03:26,750 --> 00:03:28,179 Suze: All machine selling. 47 00:03:29,149 --> 00:03:32,758 Suze: So that if the machinery behind the market that was 48 00:03:32,758 --> 00:03:36,449 Suze: already programmed didn't like certain things, sell, sell, sell, sell. 49 00:03:36,880 --> 00:03:41,910 Suze: No emotions there, all programmed in, but last week. 50 00:03:42,699 --> 00:03:47,529 Suze: The buying was all by individuals, which is great. 51 00:03:48,389 --> 00:03:51,970 Suze: Because there was hope back and everybody wanted to come 52 00:03:51,970 --> 00:03:55,729 Suze: back in the market, like think about it, didn't you? 53 00:03:55,740 --> 00:03:59,210 Suze: Many of you who own Palantir, for instance, which is 54 00:03:59,210 --> 00:04:01,839 Suze: probably at this point in time the majority of you, 55 00:04:02,169 --> 00:04:04,520 Suze: didn't you feel like, oh, I got to buy more. 56 00:04:04,649 --> 00:04:04,929 Suze: It's 57 00:04:04,979 --> 00:04:08,759 Suze: Going up from 65 $75. It's going up every day now, 58 00:04:08,770 --> 00:04:14,169 Suze: and it actually ended Friday at $112 a share again 59 00:04:14,550 --> 00:04:20,410 Suze: just down $13 from $125 a share, which was its 60 00:04:20,410 --> 00:04:21,570 Suze: all-time high. 61 00:04:22,290 --> 00:04:26,230 Suze: But when the machines were selling, it took it down 62 00:04:26,230 --> 00:04:31,339 Suze: all the way to 75 in the high 60s, and 63 00:04:31,339 --> 00:04:34,940 Suze: here we are now all the way back because people 64 00:04:34,940 --> 00:04:36,549 Suze: feel hopeful again. 65 00:04:37,329 --> 00:04:43,230 Suze: So that's good, but as I said, hope can be temporary. 66 00:04:43,730 --> 00:04:45,488 Suze: Now we have been being told. 67 00:04:46,640 --> 00:04:50,279 Suze: Deals are coming. We're speaking to China and this and that, 68 00:04:50,359 --> 00:04:53,709 Suze: but no deals have been announced yet. 69 00:04:54,299 --> 00:04:58,209 Suze: And we are very, very close in my opinion that 70 00:04:58,209 --> 00:05:02,809 Suze: if a deal is not announced within the next week, 71 00:05:02,850 --> 00:05:06,209 Suze: this coming week even, we could very well see these 72 00:05:06,209 --> 00:05:09,649 Suze: markets turn around and go back down. 73 00:05:10,299 --> 00:05:14,118 Suze: And why do I say that a deal is so important? 74 00:05:15,119 --> 00:05:22,059 Suze: It's because people are stopping to spend money, order things, everything, 75 00:05:22,250 --> 00:05:25,029 Suze: because they don't know what they're going to be paying 76 00:05:25,029 --> 00:05:27,868 Suze: for it. So let me just give you an idea 77 00:05:27,869 --> 00:05:31,380 Suze: what also is happening and think if this is true 78 00:05:31,380 --> 00:05:33,229 Suze: for your own personal situation. 79 00:05:34,309 --> 00:05:38,140 Suze: Have you not found, especially since I told you before 80 00:05:38,140 --> 00:05:42,579 Suze: this all started, really, cut back, stop spending, save money. 81 00:05:42,670 --> 00:05:44,190 Suze: I told all of you that. 82 00:05:45,170 --> 00:05:48,849 Suze: Haven't you found that everybody, even your friends that maybe 83 00:05:48,850 --> 00:05:51,529 Suze: don't listen to me? Why don't they, by the way, 84 00:05:51,609 --> 00:05:53,010 Suze: what is wrong with them anyway? 85 00:05:53,809 --> 00:05:56,839 Suze: You're stopping spending money. People aren't going out to eat 86 00:05:56,839 --> 00:05:59,920 Suze: as much. They're cutting down on how many times they 87 00:05:59,920 --> 00:06:04,640 Suze: get their nails done, their hair done. Everything is coming way, 88 00:06:04,829 --> 00:06:09,920 Suze: way down in terms of what households are actually spending. 89 00:06:10,320 --> 00:06:13,519 Suze: When households start to spend less. 90 00:06:14,209 --> 00:06:20,709 Suze: The companies, the restaurants, the businesses, everybody, they start to 91 00:06:20,709 --> 00:06:24,380 Suze: cut back as well on all their items that they 92 00:06:24,380 --> 00:06:27,739 Suze: sell to all of you. They cut back on how 93 00:06:27,738 --> 00:06:29,660 Suze: much they are buying. 94 00:06:30,510 --> 00:06:33,909 Suze: When they cut back on how much they are buying, 95 00:06:34,170 --> 00:06:40,238 Suze: it affects everybody and everything, and that is exactly what 96 00:06:40,238 --> 00:06:45,359 Suze: is going on, but time is running out now. Why 97 00:06:45,359 --> 00:06:49,450 Suze: do I say this? Maybe you can relate to it 98 00:06:49,450 --> 00:06:52,570 Suze: if I use the gold box that I used to 99 00:06:52,570 --> 00:06:55,209 Suze: sell um HSN and QVC. 100 00:06:56,000 --> 00:07:00,049 Suze: Maybe I can use that example and you'll understand it. Now, 101 00:07:00,059 --> 00:07:02,779 Suze: first of all, all of you are still asking me 102 00:07:02,779 --> 00:07:08,229 Suze: to bring that box back. Waterproof, fireproof, everything greatest box 103 00:07:08,619 --> 00:07:10,489 Suze: and tool I ever created. 104 00:07:11,109 --> 00:07:15,290 Suze: But I can't bring it back cause I don't know 105 00:07:15,290 --> 00:07:18,609 Suze: what it would cost me to bring it back cause 106 00:07:18,609 --> 00:07:22,200 Suze: I don't know what the tariffs are. Let me tell 107 00:07:22,200 --> 00:07:24,970 Suze: you exactly how it worked. 108 00:07:26,079 --> 00:07:29,049 Suze: I knew that if I was going to be on 109 00:07:29,049 --> 00:07:32,769 Suze: QVC and HSN X amount of months from now. 110 00:07:33,709 --> 00:07:37,350 Suze: Number one, I had to place the order. I had 111 00:07:37,350 --> 00:07:41,390 Suze: to figure out how long would it take them to 112 00:07:41,390 --> 00:07:42,869 Suze: produce the order. 113 00:07:43,510 --> 00:07:47,980 Suze: And I needed to know exactly with shipping what it 114 00:07:47,980 --> 00:07:51,820 Suze: was going to cost me to get that order on 115 00:07:51,820 --> 00:07:55,820 Suze: the boat. Have the boat crossed the ocean, have the 116 00:07:55,820 --> 00:07:58,929 Suze: trucks pick it up when it arrived. 117 00:07:59,700 --> 00:08:03,209 Suze: How long would the trucks take to get to QVC? 118 00:08:03,660 --> 00:08:07,220 Suze: How long would it take to unpack it, quality test it, 119 00:08:07,399 --> 00:08:09,130 Suze: have it all ready to go? 120 00:08:09,820 --> 00:08:14,130 Suze: At the exact price that was determined months before so 121 00:08:14,130 --> 00:08:17,619 Suze: that QVC could determine what they were going to charge 122 00:08:17,619 --> 00:08:22,339 Suze: all of you to buy this item, just that simple. 123 00:08:22,769 --> 00:08:27,279 Suze: That time period usually was about, I hate to tell you, 124 00:08:27,489 --> 00:08:32,239 Suze: 6 to 8 months before you saw it on the air. 125 00:08:32,890 --> 00:08:38,919 Suze: So a typical order for us could be 200,000 boxes. 126 00:08:39,369 --> 00:08:42,950 Suze: That was a multi-million dollar order that we had a 127 00:08:42,950 --> 00:08:48,590 Suze: place and be responsible for. Can you imagine locking in everything, 128 00:08:49,080 --> 00:08:52,510 Suze: having it all ready to go, about to be put 129 00:08:52,510 --> 00:08:55,919 Suze: on the boat, and all of a sudden China, which 130 00:08:55,919 --> 00:09:01,559 Suze: is where all this was made, is hit with a 154% tariff. 131 00:09:03,179 --> 00:09:04,109 Suze: Imagine that 132 00:09:04,900 --> 00:09:08,489 Suze: all of a sudden everything we did and we priced 133 00:09:09,140 --> 00:09:13,260 Suze: doesn't work anymore so it's almost easier not to even 134 00:09:13,260 --> 00:09:19,500 Suze: do it cause with that 154% tariff everybody's going to 135 00:09:19,500 --> 00:09:22,140 Suze: lose money big time. 136 00:09:22,940 --> 00:09:23,570 Suze: However, 137 00:09:24,320 --> 00:09:28,108 Suze: it gets to QVC. There's nothing we can do about it. 138 00:09:28,419 --> 00:09:34,919 Suze: What that means is QVC isn't going to eat that 154% increase. 139 00:09:35,919 --> 00:09:39,320 Suze: They're gonna pass it down to you, so an item. 140 00:09:40,070 --> 00:09:45,700 Suze: That might have cost, let's just say $50 is probably 141 00:09:45,700 --> 00:09:48,260 Suze: going to be close to $100. 142 00:09:49,159 --> 00:09:54,989 Suze: Tariffs mean everybody, you pay more money, but because nobody 143 00:09:54,989 --> 00:09:58,479 Suze: knows what those tariffs are going to be nobody knows 144 00:09:58,479 --> 00:10:00,400 Suze: if it's even worth it to pay em. 145 00:10:01,349 --> 00:10:05,859 Suze: The cargo ships that are coming over from China. 146 00:10:06,940 --> 00:10:13,289 Suze: Have decided to bypass the United States of America. They're 147 00:10:13,289 --> 00:10:17,210 Suze: not even stopping here any more. And what does that 148 00:10:17,210 --> 00:10:18,400 Suze: mean to you? 149 00:10:19,239 --> 00:10:24,549 Suze: Given the time lag that's needed to fill the shelves 150 00:10:24,549 --> 00:10:32,900 Suze: everywhere in Walmart, in Target, in everywhere, they need time, 151 00:10:33,349 --> 00:10:37,789 Suze: and that is why I say time is running out. 152 00:10:38,619 --> 00:10:42,380 Suze: Cause you are seeing right now that cargo ships that 153 00:10:42,380 --> 00:10:50,140 Suze: are coming over are coming over only 40% full. That's it. 154 00:10:50,700 --> 00:10:56,459 Suze: That means 60% has already been items that nobody's ordering 155 00:10:56,460 --> 00:11:01,179 Suze: more in terms of the distributors. It not only affects that, 156 00:11:01,340 --> 00:11:03,770 Suze: it affects the trucking companies. 157 00:11:04,119 --> 00:11:06,619 Suze: I want to take you back for a second here 158 00:11:06,869 --> 00:11:09,510 Suze: and see if you remember COVID. 159 00:11:10,179 --> 00:11:15,280 Suze: And remember when everything shut down. The big problem was 160 00:11:15,450 --> 00:11:19,169 Suze: there were no trucks to unload the ships that were 161 00:11:19,169 --> 00:11:22,669 Suze: coming in to get the items to everybody. And why 162 00:11:22,669 --> 00:11:26,719 Suze: is that? It's cause everything had come to a standstill. 163 00:11:26,969 --> 00:11:30,890 Suze: Trucks piled up, everything just went nuts. 164 00:11:31,679 --> 00:11:36,549 Suze: This machine in the United States of America is such 165 00:11:36,549 --> 00:11:42,510 Suze: a well-oiled machine that from shipping to trucking to just 166 00:11:42,510 --> 00:11:47,468 Suze: everything works perfectly as long as there isn't a screw up. 167 00:11:47,789 --> 00:11:50,789 Suze: When there is a screw up to the magnitude that 168 00:11:50,789 --> 00:11:54,669 Suze: we are seeing right now we're shipping and everything, it's 169 00:11:54,669 --> 00:11:58,630 Suze: going to affect what it costs you. It's going to 170 00:11:58,630 --> 00:11:59,950 Suze: affect your habits. 171 00:12:00,450 --> 00:12:05,590 Suze: And if that isn't solved sooner than later, all I'm 172 00:12:05,590 --> 00:12:10,469 Suze: saying is don't be surprised if you start seeing empty 173 00:12:10,469 --> 00:12:14,590 Suze: shelves and things like that, even for Christmas, a major 174 00:12:14,590 --> 00:12:15,630 Suze: toy factory. 175 00:12:16,380 --> 00:12:21,880 Suze: Has cut down their stuffed animal order by 20 to 30%. 176 00:12:23,280 --> 00:12:26,919 Suze: So I just want you to be schooled on the 177 00:12:26,919 --> 00:12:30,400 Suze: reality of really what is going on here. It is 178 00:12:30,400 --> 00:12:33,000 Suze: more than the stocks went up one day and the 179 00:12:33,000 --> 00:12:35,718 Suze: stocks are going up another day and and you're all 180 00:12:35,719 --> 00:12:37,080 Suze: feeling good again. 181 00:12:38,210 --> 00:12:43,400 Suze: You need to hear that deals have been made. People 182 00:12:43,400 --> 00:12:48,218 Suze: continue to feel hopeful and that everything starts running again. 183 00:12:48,429 --> 00:12:53,159 Suze: And if we don't hear that, we'll see what happens next. 184 00:12:53,960 --> 00:12:57,530 Suze: Over this time that the market has gone up and 185 00:12:57,530 --> 00:13:01,239 Suze: down and up and down, I decided, all right, let's 186 00:13:01,239 --> 00:13:04,190 Suze: see where I am. Katy is like, Suze, how much 187 00:13:04,190 --> 00:13:06,799 Suze: money have we lost? you know, she's just on me 188 00:13:06,799 --> 00:13:10,830 Suze: about that all the time. So what was so strange 189 00:13:11,320 --> 00:13:15,869 Suze: is that when I got a final total of everything, 190 00:13:15,960 --> 00:13:19,718 Suze: and this was before the last 4 days of it 191 00:13:19,719 --> 00:13:23,359 Suze: going up last week, we were actually up. 192 00:13:23,770 --> 00:13:26,929 Suze: In our investments rather than down. 193 00:13:28,280 --> 00:13:32,570 Suze: Now we're seriously up because the markets went up 4 days. 194 00:13:32,859 --> 00:13:36,219 Suze: Why am I telling you that? I'm telling you that 195 00:13:36,219 --> 00:13:41,340 Suze: because the key to investing is diversification. 196 00:13:42,099 --> 00:13:45,809 Suze: It's not having all your money in just one stock 197 00:13:45,809 --> 00:13:48,809 Suze: or the stock market or all your money in the 198 00:13:48,809 --> 00:13:53,559 Suze: bond market or all your money in gold or bitcoin 199 00:13:53,559 --> 00:13:59,049 Suze: or real estate. It's about you sitting down and really 200 00:13:59,049 --> 00:14:04,010 Suze: looking at do you have true diversification. 201 00:14:05,130 --> 00:14:07,809 Suze: Because it's important when you do and it's in the 202 00:14:07,809 --> 00:14:12,130 Suze: right areas and everything, your hit will not be as 203 00:14:12,130 --> 00:14:16,880 Suze: hard as if everything is in the bond market, everything 204 00:14:16,880 --> 00:14:21,570 Suze: is in stocks, and so on and so forth. So 205 00:14:21,570 --> 00:14:25,429 Suze: one of your assignments on this Suzy school is, can 206 00:14:25,429 --> 00:14:30,020 Suze: you just sit down and really look at where your 207 00:14:30,020 --> 00:14:31,210 Suze: investments are. 208 00:14:32,020 --> 00:14:37,289 Suze: Do you have diversification and do you not? Just same. 209 00:14:37,729 --> 00:14:41,369 Suze: Next Bitcoin. Now I did a thing on the Women 210 00:14:41,369 --> 00:14:44,289 Suze: and Money community app, and I told you what I 211 00:14:44,289 --> 00:14:48,090 Suze: thought about Bitcoin, and I'm still liking Bitcoin. If you 212 00:14:48,090 --> 00:14:50,530 Suze: want to know what I think about it, go to 213 00:14:50,530 --> 00:14:53,640 Suze: the Women and Money Community app, download it at Apple 214 00:14:53,640 --> 00:14:57,770 Suze: Apps or Google Play. Look for that, and you'll see, OK. 215 00:14:58,520 --> 00:15:03,700 Suze: You have to understand that when I say invest in Bitcoin, 216 00:15:03,950 --> 00:15:08,260 Suze: it is for only those people who, whatever you are 217 00:15:08,260 --> 00:15:13,869 Suze: investing in Bitcoin, you can afford to lose. Don't think 218 00:15:13,869 --> 00:15:16,390 Suze: as many of you wrote on the app. Does that 219 00:15:16,390 --> 00:15:19,780 Suze: mean Suze wants me to invest more money in Bitcoin? 220 00:15:19,989 --> 00:15:23,900 Suze: So you were confused and maybe I confused you by 221 00:15:23,900 --> 00:15:25,580 Suze: what I posted on the wall. 222 00:15:25,859 --> 00:15:29,880 Suze: But bottom line, I do think Bitcoin could be a 223 00:15:29,880 --> 00:15:35,950 Suze: part of everybody's portfolio, not the actual commodity itself, although 224 00:15:35,950 --> 00:15:39,830 Suze: that is the cheapest way to do it. However, I 225 00:15:39,830 --> 00:15:44,630 Suze: still like the ETF by the symbol I B I T. 226 00:15:45,200 --> 00:15:48,440 Suze: I just like them. I think they're the safest, but 227 00:15:48,440 --> 00:15:53,239 Suze: only for people who can afford to lose whatever you 228 00:15:53,239 --> 00:15:55,719 Suze: are putting into Bitcoin. 229 00:15:56,400 --> 00:16:02,200 Suze: Gold simple GLD has been performing very, very well. Also, 230 00:16:02,239 --> 00:16:07,520 Suze: the symbol GOLD, which was Barrett Mines and everything, fine 231 00:16:07,520 --> 00:16:11,280 Suze: too as well, pays a dividend, but for a small 232 00:16:11,280 --> 00:16:15,109 Suze: portion of your money if you're so inclined. 233 00:16:16,469 --> 00:16:20,940 Suze: But I don't want you, regardless of what happened these 234 00:16:20,940 --> 00:16:24,500 Suze: last 4 days, to all of a sudden go 100% 235 00:16:24,869 --> 00:16:29,460 Suze: back into the market. I want you to go little 236 00:16:29,460 --> 00:16:30,229 Suze: by little. 237 00:16:31,369 --> 00:16:34,929 Suze: As we always were doing, nothing has changed. Do I 238 00:16:34,929 --> 00:16:37,510 Suze: think it's possible that all through the remaining of this 239 00:16:37,510 --> 00:16:40,250 Suze: year we're going to see ups, downs, ups, downs. Oh, 240 00:16:40,330 --> 00:16:45,520 Suze: you bet I do. Let's just stay conservative that way. 241 00:16:45,729 --> 00:16:49,409 Suze: That's all I'm asking of you. Next, don't try to 242 00:16:49,409 --> 00:16:52,609 Suze: get tricky. I was going to get tricky, and if 243 00:16:52,609 --> 00:16:54,809 Suze: I had gotten tricky, it would have been one of 244 00:16:54,809 --> 00:16:58,369 Suze: the biggest mistakes I made. Let me tell you why. 245 00:16:59,289 --> 00:17:04,229 Suze: I was watching Palantir, which I have a lot of everybody, 246 00:17:04,400 --> 00:17:07,550 Suze: and you would imagine that I have a lot of it. Why? 247 00:17:08,040 --> 00:17:14,429 Suze: Because I started to accumulate at 7 following Keith Fitzgerald recommendation, 248 00:17:14,640 --> 00:17:18,160 Suze: by the way, that was his brainchild that was not mine. 249 00:17:18,939 --> 00:17:22,900 Suze: And over all of that time, it was easy to 250 00:17:22,900 --> 00:17:26,359 Suze: accumulate a lot of shares at $7 a share. 251 00:17:27,218 --> 00:17:32,197 Suze: And we have therefore a tremendous amount of gain. Think 252 00:17:32,198 --> 00:17:37,119 Suze: about it. My average cost in Palantir is $20 a 253 00:17:37,119 --> 00:17:39,989 Suze: share because I kept buying it as it was going up. 254 00:17:40,939 --> 00:17:44,198 Suze: And then I realized, oh, Suze, you have enough in Palantir. 255 00:17:44,369 --> 00:17:47,680 Suze: Let's move on to another stock. And I was so 256 00:17:47,680 --> 00:17:52,290 Suze: thrilled as I watched Palantir go up 100 points in 257 00:17:52,290 --> 00:17:55,968 Suze: profit on a number of shares. I thought I would 258 00:17:55,969 --> 00:18:01,359 Suze: be so smart here, and I decided at the beginning 259 00:18:01,359 --> 00:18:06,879 Suze: of last week maybe I should sell some of my Palantir. 260 00:18:07,910 --> 00:18:11,750 Suze: Take the gain and offset it with some of the 261 00:18:11,750 --> 00:18:16,300 Suze: losses that I had and then buy Palantir back. 262 00:18:17,170 --> 00:18:21,560 Suze: At my new cost basis of $100 a share or 263 00:18:21,560 --> 00:18:24,569 Suze: whatever it would be versus $20 are you following me 264 00:18:24,569 --> 00:18:29,679 Suze: on this? If I had done that, I don't think 265 00:18:29,680 --> 00:18:32,920 Suze: I would have been able to get back into Palantir 266 00:18:32,920 --> 00:18:33,989 Suze: fast enough. 267 00:18:34,869 --> 00:18:37,260 Suze: And I probably would have left money on the table. 268 00:18:37,310 --> 00:18:40,300 Suze: So what did I learn from that? When you have 269 00:18:40,300 --> 00:18:43,810 Suze: a stock that is really going, it's a great stock. 270 00:18:44,020 --> 00:18:47,890 Suze: Don't get tricky with it. I want you to keep 271 00:18:47,890 --> 00:18:52,500 Suze: it long term. Many of the stocks that we talk about. 272 00:18:53,239 --> 00:18:56,629 Suze: They aren't for trading. They are to see where are 273 00:18:56,630 --> 00:18:59,739 Suze: they going to be 2 years from now, 3 years 274 00:18:59,739 --> 00:19:02,829 Suze: from now, 5 years from now. You may all feel 275 00:19:02,829 --> 00:19:08,020 Suze: very smart if you sold Paintier at its top of 125, 276 00:19:08,310 --> 00:19:11,349 Suze: and then it went down, and you probably wanted it 277 00:19:11,349 --> 00:19:14,709 Suze: to stay down because you wanted to be right, and 278 00:19:14,709 --> 00:19:18,469 Suze: now it's back up at 112, 113, but in the 279 00:19:18,469 --> 00:19:22,910 Suze: long run we did not buy Palantir to go to 125. 280 00:19:23,579 --> 00:19:27,619 Suze: We bought Palantir over the years to go to 250, 281 00:19:27,739 --> 00:19:34,089 Suze: 400 to split to do everything the great stocks have done. 282 00:19:35,359 --> 00:19:40,030 Suze: So just write that down. Once you buy a stock, 283 00:19:40,219 --> 00:19:43,099 Suze: it's a great stock. It, well, I don't care whether 284 00:19:43,099 --> 00:19:46,629 Suze: it goes up, down or not, just keep dollar cost 285 00:19:46,630 --> 00:19:47,979 Suze: averaging into it. 286 00:19:49,260 --> 00:19:52,170 Suze: And you'll be surprised 2 or 3 years from now 287 00:19:52,530 --> 00:19:55,010 Suze: how much that is worth. 288 00:19:55,949 --> 00:19:57,609 Suze: So bottom line. 289 00:19:58,670 --> 00:20:02,079 Suze: What do I want you to get from the Suze School? 290 00:20:02,780 --> 00:20:05,889 Suze: I want you to get patience. I want you to 291 00:20:05,890 --> 00:20:10,170 Suze: stop being freaked out. I want you, if you have 292 00:20:10,170 --> 00:20:17,359 Suze: good quality stocks, stop watching television. Stop looking at them. 293 00:20:17,569 --> 00:20:20,890 Suze: Just know that they're good quality and hey, if anything 294 00:20:20,890 --> 00:20:23,650 Suze: were to happen, you would hear about it here on 295 00:20:23,650 --> 00:20:26,409 Suze: the podcast. Trust me on that one. 296 00:20:27,229 --> 00:20:30,030 Suze: So I want you to be patient, and I want 297 00:20:30,030 --> 00:20:32,910 Suze: you to be hopeful, but I also want you to 298 00:20:32,910 --> 00:20:34,709 Suze: be realistic. 299 00:20:35,449 --> 00:20:38,280 Suze: You will never call the bottom of a stock or 300 00:20:38,280 --> 00:20:42,790 Suze: the stock market, and actually you will never truthfully sell 301 00:20:43,439 --> 00:20:44,359 Suze: at the top. 302 00:20:45,250 --> 00:20:47,329 Suze: You might sell at the top for a month, 2 303 00:20:47,329 --> 00:20:50,609 Suze: or 3, but not long run. 304 00:20:51,729 --> 00:20:58,250 Suze: So that's Suze School for today. I do though want 305 00:20:58,250 --> 00:21:03,409 Suze: to say a few things. Number one, yesterday, what an 306 00:21:03,410 --> 00:21:09,889 Suze: incredible service for Pope Francis. What an incredible Pope who 307 00:21:09,890 --> 00:21:14,640 Suze: really embraced the world and the world's people. 308 00:21:15,290 --> 00:21:18,969 Suze: No matter who they were, what color they were, how 309 00:21:18,969 --> 00:21:24,800 Suze: rich or poor they were, he embraced the goodness of people. 310 00:21:25,680 --> 00:21:30,390 Suze: And that really is our job in life. It is 311 00:21:30,390 --> 00:21:33,750 Suze: to embrace the goodness of people. 312 00:21:34,489 --> 00:21:37,930 Suze: You know, sometimes people say to me, Suze, what do 313 00:21:37,930 --> 00:21:38,599 Suze: you do? 314 00:21:39,709 --> 00:21:43,589 Suze: And I go, well, most people think I'm the money lady. 315 00:21:44,349 --> 00:21:48,839 Suze: But what I really do is I meet the needs 316 00:21:48,839 --> 00:21:53,869 Suze: of the people and the places and the times around me, 317 00:21:54,479 --> 00:21:57,349 Suze: and I offer those services to God. 318 00:21:58,739 --> 00:22:01,530 Suze: I want you to just think about that. 319 00:22:02,170 --> 00:22:05,959 Suze: We are a community here. I hope we are a 320 00:22:05,959 --> 00:22:10,109 Suze: community that loves one another, wants to help one another, 321 00:22:10,229 --> 00:22:13,160 Suze: and that we are here for more than just what 322 00:22:13,160 --> 00:22:16,680 Suze: stock to buy, what to do. I hope we are 323 00:22:16,680 --> 00:22:20,920 Suze: here to always look within to see why we are 324 00:22:20,920 --> 00:22:25,280 Suze: doing without. I hope we are here so that we 325 00:22:25,280 --> 00:22:29,160 Suze: can become as strong as we are meant to be. 326 00:22:29,589 --> 00:22:34,099 Suze: So that we can own the power to control our destiny. 327 00:22:35,079 --> 00:22:39,530 Suze: So that we know our self-worth, for when you know 328 00:22:39,530 --> 00:22:45,550 Suze: your self worth, your net worth will absolutely increase, and 329 00:22:45,550 --> 00:22:51,780 Suze: we're here to help each other always stand in the truth. 330 00:22:52,030 --> 00:22:58,229 Suze: So until Thursday when Miss Travis joins us back here 331 00:22:58,229 --> 00:23:01,500 Suze: again and Ask KT and Suze anything. 332 00:23:02,099 --> 00:23:04,819 Suze: All the things that I just said, that's what I 333 00:23:04,819 --> 00:23:08,780 Suze: want you to remember. I want you to remember that 334 00:23:08,780 --> 00:23:13,180 Suze: your job in life is to meet the needs of 335 00:23:13,180 --> 00:23:17,609 Suze: the people and the places and the times around you. 336 00:23:18,319 --> 00:23:23,719 Suze: And offer those services to God. See you Thursday, everybody. 337 00:23:23,969 --> 00:23:24,859 Suze: Bye bye.